Aigen Investment Management LP Invests $574,000 in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Aigen Investment Management LP acquired a new stake in Kinder Morgan, purchasing 20,122 shares valued at approximately $574,000 in the 1st quarter.
• Several hedge funds have increased their positions in Kinder Morgan, including Goldman Sachs, which raised its holdings by 37.5%, now owning over 20 million shares worth approximately $578.6 million.
• The company declared a quarterly dividend of $0.2925 per share, representing an annualized dividend of $1.17, which equates to a dividend yield of 4.3%.

Aigen Investment Management LP acquired a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,122 shares of the pipeline company's stock, valued at approximately $574,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sierra Ocean LLC lifted its holdings in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan during the fourth quarter worth about $26,000. Morse Asset Management Inc purchased a new position in Kinder Morgan during the fourth quarter worth about $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $29,000. Finally, JNBA Financial Advisors increased its position in shares of Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after acquiring an additional 870 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Down 0.6%

NYSE:KMI traded down $0.16 during trading hours on Friday, reaching $26.69. The company's stock had a trading volume of 13,657,267 shares, compared to its average volume of 17,484,992. The company has a market capitalization of $59.31 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. Kinder Morgan, Inc. has a 12 month low of $20.56 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock has a 50 day moving average price of $27.74 and a two-hundred day moving average price of $27.37.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts' consensus estimates of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KMI. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Friday, July 25th. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday. Scotiabank upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Finally, Barclays restated an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total transaction of $171,414.80. Following the sale, the vice president directly owned 232,034 shares in the company, valued at $6,450,545.20. This trade represents a 2.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,842 shares of company stock worth $3,896,180 in the last three months. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.